Forex com 6 Review 2023. Review. With an advanced trading platform, has enhanced trading tools, charting tools and a demo account available across both their trader and premium trader account type, supported by expert customer service and low spreads leading to reviews leading forex broker industry.

Written by Justin Grossbard.

Written by Justin Grossbard Co Founder.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Each month we update average spreads data published by the brokers the retail brokers lose %

We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Review.

We look at some of the key features of including trading accounts, spreads, trading platforms, CFDs, customer service, funding, and regulation to assess if is a broker you should consider.

��️ Regulation UK, USA, Canada, Cayman Islands �� Trading Fees Dealing Desk, STP, DMA �� Trading Platforms MT4, MT5, �� Min Deposit $1000 �� Funding Fee $0 ��️ Instruments Forex, CFDs, Crypto �� Credit Card Yes.

See How Stacks Up To These Brokers.

IC Markets.



FP Markets. is part of the New York Stock Exchange (NYSE) listed Gain Capital brand and also owns City Index. Traders in Australia will notice that has been consolidated into City Index. Australian traders wanting to trade with a Gain Capital brand should read our City Index review as this review does not cover City Index Australia.

Traders from the UK, Europe and Singapore may also be interested in City Index as the broker is also regulated in those countries and facilitates forex trading for retail investor accounts. like City Index is regulated by FCA so is relevant for traders from the UK and Europe and also the USA, Canada and Hong Kong as they have appropriate regulations for those regions. Accounts And Spreads. offers a total of 4 different trading account types with tight average spreads. These accounts are the Standard account, Commission account, ECN account and STP Pro account. The range of options means there is a trading account to suit most types of clients. Whether you are looking for spreads with no commissions, ECN pricing or rock bottom costs, there is an account that will suit your needs.

The differences between each account can quickly be summarised as the following:

Standard Account (dealing desk) – Available for all, no commissions, minimum deposit and trading size is $1000 Commission Account (dealing desk) – Not available in Canada, Cost = Spread + commission of $5 (per 100k), minimum deposit and trading size of $1000 DMA Account (no dealing desk) – Only available in the UK and Europe, Costs = No spread costs (tiered commission only), no Cryptocurrencies, a minimum deposit of $25,000 and trading size of $100,000 STP Pro Account (no dealing desk)- Same as DMA account but for US clients.

Unless you are a high volume trader, you’re likely to only consider the standard or commission account. The DMA and STP accounts have the lowest potential trading costs, but the high deposit and volume trading requirements will make them unsuitable for most retail traders.

Standard Account Commission Account DMA Market Access Account STP Pro Account Region Available International UK And Europe International USA Trading model Market Maker Market Maker STP and DMA STP and DMA Leverage UK/Europe: 30:1 Majors, 20:1 Minors (Retail)/400:1 Pro Canada: 33:1 USA: 50:1 UK/Europe: 30:1 Majors, 20:1 Minors (Retail)/400:1 (Pro) Canada: 33:1 USA: 50:1 UK/Europe: 30:1 Majors, 20:1 Minors (Retail)/400:1 (Pro) Canada: 33:1 USA: 50:1 Minimum Trade Size $1,000 $1,000 $100,000 $100,000 Commission N/A $5 per 100k $100-250m: $4 $250-500m: $3.5 $500-1B: $3.0 $1B-2B: $2.5 $2B: $2.0 $100-250m: $4 $250-500m: $3.5 $500-1B: $3.0 $1B-2B: $2.5 $2B: $2.0 Recommended Minimum Balance $1,000 $1,000 $25,000 $25,000 Pricing Spreads Spread plus Commission Commission only Commission Only Forex Markets 80+ FX pairs plus spot gold & silver 80+ FX pairs plus spot gold & silver 58 FX pairs plus spot spot gold & silver 60 currency pairs spot gold & silver Cryptocurrency Markets Bitcoin, Ethereum, Litecoin & Ripple Bitcoin, Ethereum, Litecoin & Ripple ✘ ✘ Indices 12+ commodities 12+ commodities ✘ ✘ Rebates Available $9 per million FX traded in monthly volume $9 per million FX traded in monthly volume ✘ ✘ Inactivity Fee $15 per month if inactive for 12 months $15 per month if inactive for 12 months $15 per month if inactive for 12 months $15 per month if inactive for 12 months Trading Platforms - Desktop - Web - Mobile/Tablet ✔ ✔ Yes (Mobile - Top of book only) Yes (Web/Mobile - Top of book only) MetaTrader Trading Platforms ✔ ✔ ✘ ✘ MetaTrader 5 ✔ ✔ ✘ ✘

Leverage when trading CFDs will vary by region with 30:1 available for retail traders in the UK and Europe and 33:1 in Canada and 50:1 in the USA. Professional traders in the UK can trade with 400:1. Like with the performance scorecard, the broker is transparent with their spreads with the broker showing live spreads for all currency pairs on their website so traders always know how each currency is performing, a sign the broker is confident their spreads will meet client expectations.

Standard Account.

Regardless of where clients are located, all clients have access to a Standard account. This is a dealing desk/market marker style account with no commission, this means trading fees are included in the spreads.

Spreads with the Standard account are some of the most competitive on the market for this type of account. Spreads start for EURUSD can be as low as 0.8 pips and is typically around 1.3 pips.